The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report. Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue growth to Rs 9.1 lakh crore during the quarter ending December, the Crisil report said on Tuesday. Software major TCS will open the earnings season Wednesday.
India Inc is seeing yet another family feud - this time between Gujarat NRE Coke founder Girdhari Lal Jagatramka and his son-law, Ratan Lal Tamakhuwala, who owns Austral Coke.
"If Bisleri does not receive this compensation, we will take legal action against Coca-Cola for violating the contract and the Trade Related Aspects of Intellectual Property Rights agreement," Chauhan, chairman and managing director of Bisleri, India's leader in packaged-drinking water and creator of the Maaza brand, told Business Standard.
Hindustan Coca-Cola Beverages Pvt Ltd has moved the Mumbai high court challenging the Maharashtra government's action of confiscating huge stock of its aerated water products.
Kerala Health Minister P Sankaran on Thursday said production and distribution of Coca-Cola would be stopped if the samples of the soft drink produced at the Plachimada plant in Palakkad district contained hazardous substances.
"The applicant during her employment with the respondents (Coca-Cola India) was grossly discriminated against on account of her gender, harassed, retaliated against for making a complaint and was coerced into leaving her gainful employment with the respondents and further she has been even pursued at her new workplace maliciously forcing the applicant to resign again," the petition filed through counsel Vikas Mehta stated.
The high court, while directing the companies to make 'a complete and full disclosure', had asked them to either declare that soft-drinks did not contain pesticide residues. Challenging th HC order, the two MNCs had moved the apex court in August 2005 on the ground that such a disclosure could not be printed on their bottles without fixation of standards by the central government.
Two O P Jindal group companies, JSW Steel and JSL Stainless, have entered into an agreement. JSL Stainless will produce coke for JSW Steel and the raw material to produce coke will be supplied by JSW.JSW Steel is promoted by Sajjan Jindal. His brother, Ratan Jindal, is managing director of JSL Stainless.
Coca-Cola India will unveil its new advertising campaign 'Piyo Thanda, Jiyo Thanda' on April 3, featuring Bollywood heartthrobs Aishwarya Rai and Vivek Oberoi.\n\n\n\n
An anti-war group in Kochi on Monday called for a boycott of products of Coca-Cola, Pepsi and Hindustan Lever Ltd to protest the superpower-led military action in Iraq.
Coca-Cola and Pepsi, which have triggered books and case studies on the cola war, are ready to battle each other on a new turf in India: fruit drinks. Pepsi is said to be ready with Tropicana Twister, an orange drink, to take on Coca-Cola's Minute Maid, which debuted in India in February and went national in May.
India's merchandise exports in October surged 42.33 per cent to $35.47 billion on the back of good performance by the engineering and petroleum sectors, as per provisional data released by the government on Monday. The exports stood at $24.92 billion in October 2020 and $26.23 billion in October 2019. "India's merchandise exports in October 2021 was $35.47 billion, an increase of 42.33 per cent over $24.92 billion in October 2020 and an increase of 35.21 per cent over $26.23 billion in October 2019," as per an official statement.
Hundreds of Jokatte villagers adjacent to MRPL refinery near Mangalore have complained of air, noise, water pollution from plant.
Taking cue from its Red lounge experience, which is popular amongst youth in the US and Singapore, Coca Cola is replicating the model in India with a pilot project in Pune.
Coca Cola India said on Wednesday it is exploring the option of sourcing orange pulp for its recently launched juice drink Minute Maid Pulpy Orange from India itself.
Soft drink giant Coca-Cola on Friday announced it will acquire US energy drink maker Glaceau, in which India's Tata Group has 30 per cent stake, for $4.1 billion in cash.
Coca-Cola's journey in India mirrors the country's growth, rising consumption and a vibrant middle class.
Coca Cola said on Wednesday it had not shifted its bottling plant at Plachimada in Palakkad district but was only carrying out some restructuring of plant operations.
India is the fourth Asian country where the Latin American brand is trying its luck.
The 14-member Committee, headed by additional chief secretary K Jayakumar, also recommended setting up of a tribunal to take the legal process forward since it would not be possible to the affected people to individually fight the legal battle.
Global Cola majors Pepsi and Coca-Cola have decided not to sell their high calorie sugary products in primary and secondary schools across the globe.
Coca Cola is pumping in about $250 million to consolidate its bottling operations in India.
Consumers have given a thumbs-up to these products, especially in countries such as India. The latter remains a key market for these brands, with volume sales seeing double-digit growth quarter on quarter.
The seeds of a potential turnaround were sown in 2016, when the firm began to revamp its portfolio to match changing consumer needs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Prime Minister Narendra Modi had in June dedicated the modernised and expanded Bhilai Steel Plant to the nation.
To make mutual funds go beyond the top 15 locations, Sebi has decided to rob investors and pay the funds.
On an average most commodities are up between 20-30 per cent compared to a year ago levels.
Amid the low stock position at the electricity generating plants, state-owned CIL has asked its subsidiaries to refrain from conducting any further e-auction of coal, except special forward e-auction for the power sector, till the situation stabilises. The development assumes significance as the supply of coal is being prioritised to the power sector to replenish the dwindling stock in the wake of reports of an electricity crisis looming large. "In view of the current low stock position at the powerhouse end, supply of coal is being prioritised to the power sector to replenish the dwindling stock...coal companies are advised to refrain from conducting of any further e-auctions of coal with the exception of special forward e-auction for the power sector, till the situation stabilises," Coal India said in a recent letter to its arms, including Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL).
Two years after slashing prices to push volumes, Coca-Cola India on Wednesday increased prices on 200 ml and 300 ml bottles by Re 1.
Coke's latest commercial for the summer opens in a desert with children enjoying a game of cricket despite the blistering heat.
He also alleged that for the Bharatiya Janata Party dispensation and its allies being a Hindu is no different from the team identity loyalty of the 'British football hooligan'.
Gujarat NRE Coke on Monday said it has completed the acquisition of the Australia-based Elouera mine from BHP Billiton a part of the Australia-based Illawarra Coal Business for an undisclosed amount.
Tata Tea, which sold its stake in US-based Glaceau last year, plans to begin selling a low-priced bottled water in the country through its unit Mount Everest Mineral Water, to take on global rivals such as Coca-Cola and PepsiCo in the Rs 1,500-crore packaged drinking water market."We want to do it quickly,'' Pradeep Poddar, managing director and CEO, Mount Everest, said. "The market is still very young and we can evolve it further through marketing new offerings."
The multinational soft drink producers will soon have a rival from India -- "a bio cola" derived from ayurvedic herb Brahmi.
